by Bionic Chartered Accounting | Jul 28, 2021 | Business
“Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy” (Bret Stephens) Healthy cash flow is what keeps a company afloat. The ability to pay suppliers and staff, without risking the future of the business, entirely independently of expected...
by Bionic Chartered Accounting | Jul 28, 2021 | Business, Financial
“When looking for funding, don’t just look for cash. Look for the right people” (American fashion entrepreneur, Jodie Fox) According to South African Reserve Bank data, the low level of small business financing appears to be emanating from the demand side as “the vast...
by Bionic Chartered Accounting | Jul 28, 2021 | Tax
“One of our strategic objectives is to make it easy for taxpayers to comply with their tax obligations, and hard and costly for those who willfully do not comply” (Edward Kieswetter, SARS Commissioner) Earlier this year, SARS and the NPA (National Prosecuting...
by Bionic Chartered Accounting | Jul 28, 2021 | Tax
7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments25 August – Value-Added Tax (VAT) manual submissions and payments30 August – Corporate Income Tax (CIT) Provisional Tax Payments, where applicable30 August – Excise Duty Payments30...
by Bionic Chartered Accounting | Jun 28, 2021 | Business
“What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead” (Nelson Mandela) Nelson Mandela, our former president and world-renowned human rights...
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